Latest News by Industry
![Personalis, Inc. [PSNL] reports annual net loss of $108,296,000.0](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FPSNL.png&w=1200&q=75)
Personalis, Inc. [PSNL] has reported a net loss of $108,296,000.0 for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $73.5 million
Based in FREMONT, California, Personalis, Inc. operates in the SERVICES sector.
In the consolidated statements of operations for the fiscal year ending December 31, 2023, key financial figures were compared to the same period in 2022 and 2021 as follows:
- Revenue for the period stood at $73.5 million, an increase from $65.0 million in 2022 and a decrease from $85.5 million in 2021.
- Cost of revenue amounted to $55.3 million this year, up from $51.7 million in 2022 and $53.8 million in 2021.
- Total costs and expenses reached $183.4 million, a rise from $180.6 million in 2022 and $150.8 million in 2021.
- The loss from operations for 2023 was $109.9 million, an improvement compared to $115.5 million in 2022 and a decrease from $65.4 million in 2021.
- Net loss for the period was $108.3 million, better than the $113.3 million loss in 2022 and lower than the $65.2 million loss in 2021.
- The basic and diluted net loss per share was $2.25 for 2023, a decrease from $2.48 in 2022 and from $1.49 in 2021.
- The weighted-average shares outstanding were 48.2 million for both basic and diluted calculations in 2023, compared to 45.7 million in 2022 and 43.9 million in 2021.
Overall, the company experienced fluctuations in revenue and expenses, resulting in a decreased net loss in 2023 compared to the previous years.
Also Read: